Homework on Ethereum Intro

Ethereum 101
#2429

  1. Web 1.0 is a simple web where you can only make images, text and links

  2. A smart contract is a web 2.0 where you can put java scripts to the web and do many things

  3. We can have transparency on Ethereum with the use of a smart contract because once you put a contract in Ethereum only way you can invalidate that is when it didn’t completed the rules set in the contract so when you created a smart contract it’s 100% guaranteed to comply once you complied the rules set on it.

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#2430

  1. Web 1.0 was the first version of internet. It had static websites that only showed text,
    images, and links.

  2. A smart contract is a code on the blockchain that can own and decide what to do with money: send/release it when the criteria programmed into the smart contract is fulfilled.

  3. Transparency is achieved because the code of the smart contracts can be checked by anyone.
    Also all transactions can be checked at any moment.

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#2431

Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

  1. What was Web 1.0?
    Web 1.0 was the beginning of web where you could have static sites with text, images and some links. Nothing too crazy, pretty boring.

  2. What is a smart contract?
    Small bits of code running on Ethereum blockchain which allow you to write any kind of functions you want performed based on something happening (or not happening) at some point in time.

  3. How is transparency achieved with ethereum code?
    Since they’re running on the Ethereum blockchain and anyone can see all transactions on the chain, everyone can also read smart contracts and can check exactly what is going on within them. This can eliminate corruption by eliminating the need to trust individuals.

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#2432

Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

What was Web 1.0?

Just text. Pre - Javascript. / Before the implementation of Javascript coding.
(display of images and static text)

What is a smart contract?

A small programmable code which is appended to a blockchain, in this case, the Eth blockchain. Smart contracts are transparent.

How is transparency achieved with ethereum code?

It removes the need for trust. Thus it is trust-less. Don’t trust , verify.
Once the transaction is in the blockchain, it can’t be reversed or modified.

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#2433

  1. It was the first version of Internet, it was static. No java

  2. Smart Contracts are used to program Money on the Ethereum Blockchain

  3. The Code can be viewed by everyone

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#2434
  1. What was Web 1.0?

Web 1.0 was back in the days of early internet, where websites only had links, text and perhaps images, there was no interaction within the internet, just information to be read and seen by others

  1. What is a smart contract?

A smart contract is a contract celebrated within the ethereum network that can be programmed to move money in certain ways with a certain ruleset. These smart contracts can be celebrated between 2 parties withouth the consent of a middle men

  1. How is transparency achieved with ethereum code?

Transparency is achieved because anyone can see the tx within the smart contract, therefore we have a trustless system where we dont have to depend on a “escrow account” or some third party to check if the money was moved/sent/received, but by ourselves.

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#2435

1. What was Web 1.0?
a. It was a static website with primarily text and images. Javascript was not yet included in web
development.

2. What is a smart contract?
a. A smart contract is a self-executing contract on the decentralized blockchain network, with terms of agreement between buyer and seller directly written into lines of code usually made in Solidity.

3. How is transparency achieved with ethereum code?
a. All the data is transparent and can be traced by anybody with the encryption key. The confidential
information is stored on the blockchain, and the keys of decryption can be shared only with
authorized individuals.

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#2436
  1. It was first version of internet before java script.
  2. Is a small pieces o code who run on ETH blockchain. You make a small contract usins solidity. It can`t be shut down, changed or reversed.
  3. Everyone can see transactions, cant be shut down.
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#2437
  1. Web 1.0 was the first version of the websites that CPU’s contained before JavaScript came along. Basically they were static and included pictures and text and were not interactive.
  2. A smart contract is a small program that is executed using the EVM (ethereum virtual machine) network which has basic programing that says something along the lines that 'if x is completed, then a payment or action is completed. The EVM also monitors the smart contract so to know the current state of the smart contract.
  3. The benefits of executing code using several nodes is that it increases security from attack and also supports immutability through consensus.
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#2438

Web 1.0 was early internet with text and some graphic ability but could not interact
Smart contract is a contract that has the ability to automatically execute all or portions of the Co tract when certain parameters are meet
Because it is a block chain it can not be altered or changed once it is set

1 Like
#2439

  1. What was Web 1.0? The first iteration of the web, with static pages only, before the advent of JavaScript

  2. What is a smart contract? is a programmable contract that manages the conditions of the contract, only pay if condition.

  3. How is transparency achieved with ethereum code? Transparency is achieved through the blockchain, all transactions are public.

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#2440

Web 1.0 was static web pages only with text, graphics and embedded links, before JavaScipt made it more dynamic.
Smart contracts are programmable code that allow you to write agreements involving money or other assets that can only be executed when certain conditions are met.
Transparency is achieved because it is open source and anyone can view the code, but not alter it.

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#2441

  1. Web 1.0 was basic HTML where you could only create web-pages with text, images, links and search functions.

  2. A smart contract is a function you program and put on the blockchain. The smart contracts execute itself according to the way it is programmed. One example of a smart contract is to give all your money away when you are dead to your child.

  3. Transparancy is achieved through the Ethereum Blockchain. All can read transactions and trace transactions on the blockchain

1 Like
#2442
  1. Web 1,0 was the first version of the internet. It was static which is mean that you can only add text, imagine and links.
  2. A smart contract is a program write with solidity which allow the contract to own and decide what to do with money without a middleman.
  3. The transparency is achieved because you can verify and know exactly how the code will proceed.
1 Like
#2443

yeah whats up with this? haha

#2444

A static Website. Through javascript Web 2.0 was born, where one could interact with each other through a Website.

A smart Contract is Code that can store and handle Money and other Assets in a transparent and trustless way.

As it is all performed on the Blockchain it has the same transparency mechanisms as Bitcoin with PoW and so on.

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#2445

the first version of internet before javascript accepted that only have a static sites of info

piece of code on the eth blockchain. automatic self executed contact that nobody cant stop or remove

everyone in the blockchain can see and track the information and the blockchain is immutable

:+1:

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#2446
  1. Static format, only able to deliver simple text, images and links. Before Javascript programming was introduced.
  2. Smart contracts are strings of code running on the Ethereum Blockchain and can can be programmed to release funds under certain conditions that the user requests.
  3. It is decentralised allowing immutability and is immune from corruption. The blockchain is an open source ledger making it completely transparent
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#2447
  1. is the first type of websites before the Java Script was added. It didn’t allow people to interact with them basically a one way information media.
  2. It is a programmable protocol that can manage an amount of assets according to the conditions written in it.
  3. It is a public blockchain as well as Bitcoin therefore anyone can read the code, and it is inmutable.
1 Like
#2448

1. What was Web 1.0?
simple website, without Java Script
2. What is a smart contract?
It’s a programmed application build up on a block chain, which locks up money in it and only releases it, when the preset conditions are fulfiled.
3. How is transparency achieved with Ethereum code?
Everyone has the possibility to audit the smart contracts, because the programmed conditions are open to everybody.

1 Like